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Strategies & Market Trends : Trading From Main Street. -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (11)	5/7/2001 12:55:13 AM
From: Brandon	Respond to of 226

For a trade to take place in UTEK, we need to see it gap down @ the open to a price below $24.24. Should this occur, long positions are taken if the stock trades above $24.25 with a stop placed under the days low @ the time of the setup. Generally speaking I will look @ the 20 period simple moving average or the 200 period SMA on a fifteen minute chart to provide me a target on these setups. In this case I would use the 20 because I think the 200 is too far away. Right now that would be $25.77, but keep in mind that will change as the price of the stock moves. Brandon teachmetotrade.com